Could China be a hedge against risk of AI investment boom going bust?

These are testing times for the artificial intelligence (AI) trade that has been driving global equity markets. No other investment theme comes close to rivalling the importance of the AI boom as the world’s largest technology companies spend vast sums of money on data centres, memory chips and computing power. At the same time, no other risk divides opinion more than the threat of a dramatic and sustained sell-off in AI-related stocks. According to the latest Bank of America global fund manager...